Financials and Investment: News for Oil & Gas and Hydrocarbon Industries  Membership Services Ľ
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

China Willing to Import Gas from Iran

Source: www.gulfoilandgas.com 10/15/2011, Location: Asia

Share |

Managing director of the National Iranian Gas Export Company (NIGEC), Hossein Bidarmaghz says Pakistan wants to transit Iran's gas and China is eager to import it.

He went on to say that, China's need to natural gas and LNG would be equal Europe's consumption by the end of 2030 adding Iran benefits relative advantage in gas exports in comparison to its rivals Qatar and Russia due to its geographical position that is located between two consumption markets, China and Europe, Iran's SHANA news agency reported.

On the other hand, India will turn into biggest gas consumption in Asia in the future, the official said.

He noted that extending Iran-Pakistan's gas pipeline to China was one of the options for exporting gas adding Iranís delegation will raise the issue during the scheduled visit to China.

Elsewhere in his remarks, he said gas production and consumption now equal in the UAE, it meets part of its energy needs from Qatar in the pipeline and LNG forms adding the country prefer to purchase gas from Iran due to short distance between the two countries.

Beside UAE, Iran has presented its technical and economical proposals related to gas exports to Bahrain and Kuwait waiting for their reply, he concluded.

Financials and Investment News in Iran >>

Orpic Secures a $909m Syndicated Loan
  Oman >>  5/18/2015 - Orpic, Omanís national refinery and petrochemical company, commemorated the successful closure of an OMR350 million Corporate Loan syndicated facility...
Naftogaz Transfers $32 mln to Russia's Gazprom As Pre-Payment for Gas
  Russia >>  5/18/2015 - Ukraine's state-run gas company Naftogaz has transferred $32 million to Russia's gas monopoly Gazprom as a further pre-payment for gas deliveries, a s...

Brazil's Petrobras Posts 5.33 bln 1st Quarter Profit
  Brazil >>  5/15/2015 - Brazil's state-run oil company Petroleo Brasileiro SA beat analyst forecasts, posting first-quarter profit little changed from a year earlier, as an e...
New A$400 Million Bank Loan Facility for AWE AWE
  Australia >>  5/14/2015 - AWE Limited acquired a new four-year, A$400 million secured multicurrency syndicated bank loan facility to replace its existing A$300 million unsecure...

Oil Market Highlights - May 2015
  Austria >>  5/12/2015 -  Crude Oil Price Movements
The OPEC Reference Basket rose in April to its highest value this year supported by various bullish factors. T...

Balance of Supply and Demand
  Austria >>  5/12/2015 - Demand for OPEC crude in 2014 remained unchanged from the previous report to stand at 29.0 mb/d, 1.4 mb/d lower than the 2013 level. The demand for OP...



Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

More News

Oil & Gas Companies in Iran >>

Related Links

Countries Quick Links

AZ BD BN CN GE ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed